Multiple Choice
Jack Sprat could eat no fat, his wife could eat no lean. And so betwixt them both, they licked the platter clean. Which of the following is true about Jack and his wife?
A) Marginal utility of fat is negative for Jack; marginal utility of lean is negative for his wife.
B) Marginal utility of fat is falling for Jack; marginal utility of lean is falling for his wife.
C) Marginal utility of lean is negative for Jack; marginal utility of fat is negative for his wife.
D) Marginal utility of lean is rising for Jack; marginal utility of fat is rising for his wife.
Correct Answer:
Verified
Correct Answer:
Verified
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